Free Trial

Trend Needle Points North Despite Recent Pullback


Crude Pares Gains On Further SPR Sales


Crude Oil Edges Out Further Gains Amidst Weaker USD


Support Remains Intact

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

NYMEX HO (V19): Retracing Monday's........>

OIL TECHS: NYMEX HO (V19): Retracing Monday's spike
*RES 4: $2.1513 - 1.618 projection of Sep 3 - Sep rally from Sep 12 low
*RES 3: $2.0999 - High Sep 17
*RES 2: $2.0277 - Intraday high during the US session, Sep 17
*RES 1: $2.0025 - High Sep 18
*PRICE: $1.9774 @ 07:02 BST Sep 19
*SUP 1: $1.9594 - Low Sep 18
*SUP 2: $1.9529 - High Sep 11
*SUP 3: $1.9168 - High Sep 12
*SUP 4: $1.9044 - Trendline support drawn off the Sep 3 low
HO activity is quieter, in contrast to the volatile period earlier this week.
The contract is expected to continue unwinding Monday's risk related spike.
$1.9634, Sep 10 high was breached yesterday and this fills and initial gap in
the chart. A deeper sell-off would open $1.8910, Sep 13 high to fill the entire
gap in the chart left by Monday's spike. On the upside, initial resistance is at
yesterday's $2.0025 high.

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.